Buying an engagement ring can be a very daunting task for most men. For many men, an engagement ring may be one of the largest expenditures that they ever would have as a gift (and maybe only trail a house or a car in total cost).
To help my fellow overwhelmed men, I am going to do a six part series (with this being Part 1) on the key aspects of making the correct ring purchase. The next five parts are:
- Style – You Mean Rings Come In Styles?
- Shape – All Diamonds Aren’t Diamond Shaped?
- Setting – There is More To The Ring Than Just The Stone
- Band Size – I Have No Idea What Size Her Finger Is
- The 4 Cs – Figuring Out The Matrix For Diamonds
After this 5 part series you should be well equipped to make the perfect purchase.
Part 1 – Price How Much Do I Spend?
When someone says that price is not the issue it almost always is. With diamond buying price and budget are key factors. The old rule is that you are supposed to spend two months’ salary on an engagement ring. While this may be a helpful guideline, I think a better guideline is that you only should spend what you are comfortable spending. If you overspend because you think you have to, you will hold some resentment about this. Remember this is supposed to be a pleasing, special occasion. Don’t turn it into something you may harbor animosity about.
The other thing to remember is that size is not everything when it comes to diamonds (we will talk about this more in coming parts). But I will tell you that I think you should not get anything less than a carat in weight. A medium quality carat diamond solitaire can be had for $2,500. If you can’t scrape together that much money for the ring you should debate if you are ready for marriage.
Coming soon: Multiple styles for an engagement ring.